Corporate | 5 December 2024 18:00


Groundbreaking ceremony for last plot on the Suurstoffi site

Zug Estates Holding AG / Key word(s): Miscellaneous/Real Estate
Groundbreaking ceremony for last plot on the Suurstoffi site
05.12.2024 / 18:00 CET/CEST

Press release
Zug, 5 December 2024

Together with representatives from local authorities and project partners, Zug Estates broke the ground for the new-build project S43/45 on the Suurstoffi site in Rotkreuz in Canton Zug.

Zug Estates has been developing the Suurstoffi site in Rotkreuz since 2010. The site has become a versatile living environment where people can live, work, study and engage in leisure activities. The construction of the final two buildings Suurstoffi 43 and 45 and the central park marks the conclusion of Zug Estates' development of the site. By mid-2027, around 14,400 m 2 of office and education space and 1,100 m 2 of student housing will be built.

In September 2024, Zug Estates signed a long-term lease agreement with “XUND Bildungszentrum Gesundheit Zentralschweiz”, for the Suurstoffi 45. In opening its new location, XUND is responding to the growing demand for practical and sought-after training in healthcare.

Picture (l-r): Patrik Stillhart, CEO, Zug Estates Holding Ltd; Stefan Graf, Partner, Bauart Architekten und Planer AG; Head of Cantonal Council Silvia Thalmann-Gut, Head of the Department of Economic Affairs of Canton Zug; Josef Widmer, President of XUND; Walter Figueiredo, Head of Civil Engineering Department, Schmid Bauunternehmung AG

Sustainable project development
The new development project by Zug Estates will blend seamlessly into the Suurstoffi site, both in terms of its architecture and from a sustainability standpoint. The site's existing, virtually emission-free energy system will be expanded to include a new geothermal probe. Thanks to a reduction in volume in the basement level and to the optimisation of the facades, building service systems and structural engineering, the building will feature a measurably lower grey energy component than similar properties. Highly efficient ventilation technology, solar panels on the roof and facade, and rainwater harvesting round out the sustainable new-build. Finally, the construction of the large central park will greatly improve the quality of the outdoor area and the attractiveness of the site.

Important dates:

20 February 2025 | Publication of Annual Report and Sustainability Report 2024
10 April 2025 | General meeting of shareholders
20 August 2025 | Publication of 2025 half-year report

For further information, please contact:

Patrik Stillhart, CEO

T +41 41 729 10 10, ir@zugestates.ch

About Zug Estates
The Zug Estates Group conceives, develops, markets and manages properties in the Zug region. It focuses on central sites that are suitable for a wide range of uses and allow sustainable development. The real estate portfolio is composed mainly of the two sites in Zug and Risch Rotkreuz. The Group also runs a city resort in Zug incorporating the leading business hotels Park Hotel Zug and City Garden and a comprehensive range of restaurants. The total value of the portfolio as of 30 June 2024 was CHF 1.84 billion. Zug Estates Holding AG is listed on the SIX Swiss Exchange, Zurich (ticker symbol: ZUGN, securities number: 14 805 212).

Zug Estates Holding AG | Baarerstrasse 18 | CH-6300 Zug | T +41 41 729 10 10 | www.zugestates.ch


End of Media Release

Language: English
Company: Zug Estates Holding AG
Industriestrasse 12
6300 Zug
Switzerland
Phone: +41 41 729 10 10
E-mail: ir@zugestates.ch
Internet: www.zugestates.ch
ISIN: CH0148052126, CH0148052118
Valor: A1J0M6
Listed: SIX Swiss Exchange
EQS News ID: 2045383

End of News EQS News Service

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